The e-commerce policy is expected to come by June-end and SEZ policy by October
At the premiere of the International Gems & Jewellery Show, Colin Shah, Chairman of the Gems & Jewellery Export Promotion Council noted that the gems and jewellery industry was expecting a boost for the e-commerce and SEZ policies. According to ET Retail.com, Colin Shah said that the e-commerce policy is expected to come by June-end. “The policy will give a boost to the gem and jewellery industry in the Jaipur region.” He stated further that the Special Economic Zone policy was awaited which would be expected to come by October. Shah said that both the policies will lend a new fillip to the sector.
Shah informed further that due to the lockdown in Hong Kong, exports suffered a lot in April. Also, because of restrictions on Russian banks, the diamond trade was getting hit. Speaking about the exhibition Shah said being the world leader in cut and polished diamonds; the coloured gemstones capital of the world, and the fastest growing gold jewellery exporter, India caters to every sourcing need of the global market. This was the Council’s first initiative to have a stand-alone show catering to all product segments of gem and jewellery such as colour gemstones, loose diamonds, plain gold jewellery, diamond studded jewellery, gemstone studded jewellery and silver jewellery.